By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Africa Housing NewsAfrica Housing News
Notification Show More
Aa
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Reading: Osinbajo Launches Solar Power Scheme For 100,000 Homes
Share
Aa
Africa Housing NewsAfrica Housing News
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
Search
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Have an existing account? Sign In
Follow US
Africa Housing News > Blog > News > Osinbajo Launches Solar Power Scheme For 100,000 Homes
News

Osinbajo Launches Solar Power Scheme For 100,000 Homes

Fesadeb
Last updated: 2021/04/09 at 8:14 PM
Fesadeb Published April 9, 2021
Share
SHARE

Vice President Yemi Osinbajo has launched the second phase of the 5-million Solar Home System (SHS) tagged, ‘Solar Power Naija’, to provide energy to 100,000 homes across the federation.

Speaking in the Jangefe community in Kazaure Emirate of Jigawa state during the programme launch on Saturday, Osinbajo said as the cost of installing and maintaining solar devices becomes cheaper, Nigeria has the opportunity to provide power for its citizens.

He said, “This programme marks a milestone to focus effort for Nigerians to have access to electricity. We cannot continue to hold on to the national power grid and to achieve the decentralisation of power, an alternative source like renewable energy with cheaper facilities will help us achieve the dream of electrifying Nigeria and the time is now.”

Osinbajo, while stating that 25 million households would benefit from the programme in the entire phases, said it is aimed to ensure that the country will stop reliance on the national grid and help to serve communities that are not served or underserved.

The programme which is part of the Economic Sustainability Plan (ESP), is implemented by the Rural Electrification Agency (REA) and would create over 250,000 jobs, as part of reversing the effects of the COVID-19 pandemic.

“President Muhammadu Buhari approved the powering of five million homes to create jobs for those that will install, maintain as well as those in the payment solar home system.”

He added that the programme is an ambitious initiative funded by a N140 billion financing program to support private developers to provide cheap and environmentally friendly power.

The Minister of Power, Sale Mamman, at the event said the project would generate N7 billion in tax for the federal government per annum.

The Managing Director of the Niger Delta Power Holding Company (NDPHC), Chiedu Ugbo, whose agency is collaborating with REA for the implementation, said in this second phase, 100,000 homes would be reached with the SHS and they would pay N3,500 monthly rent before taking ownership of the power system after five years.

The launching had in attendance the Governors of Jigawa State, Abubakar Badaru and his Kano counterpart, Abdullahi Ganduje.

Source: Daily Trust

You Might Also Like

Urban Planning Crisis Threatens Nigeria’s Cities, Foundation Raises Alarm

AfDB Approves $200m Loan to Boost Nigeria’s Fibre Expansion, Digital Skills

Dangiwa: Construction Artisans Key to Nigeria’s Housing and Economic Growth

Court sends Malami, wife, son back to prison

AEDC Partners NNPC on 350MW Plant, Promises Improved Abuja Power by 2027

Join Our Whatsapp Group

Contact Image

Join Our WhatsApp Channel

Housing TV Africa is the First Housing News Television
in Africa on Startimes Channel 149 bringing you
Housing News, Mortgage News, Construction News etc

Fesadeb April 9, 2021 April 9, 2021
Share this Article
Facebook Twitter Email Print
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

© Africa Housing News. All Rights Reserved 2024

Welcome Back!

Sign in to your account

Lost your password?